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1182 Teaneck Road 1178-1182 Teaneck Rd 8,348 SF 100% Leased Office Building Teaneck, NJ 07666 $1,500,000 ($179.68/SF)
Investment Highlights
- Located in Teaneck’s B-R Special Business–Residential District
- Medical use permitted; residential conversion possible
- Potential Upside - Current tenants month to month leases are based on usable SF and not Rentable SF
- Eight tenants with short-term leases allow for owner occupancy
- Recently paved parking lot with 13 spaces plus garage
Executive Summary
Located in the heart of Teaneck’s B-R Special Business–Residential District, 1178–1182 Teaneck Road presents a compelling opportunity for investors, owner-users, or developers seeking a versatile income-producing asset. This 8,348 -square-foot building has seven tenants with a vacant 2,014 usable SF corner unit available. Additionally there are 5 storage /garages (765 SF) that are fully leased.
This a great user / investor opportunity.
Whether retained as a multi-tenant investment or repositioned for owner user, this asset offers a rare blend of income, flexibility, and location in one of Bergen County’s most desirable municipalities.
Current NOI does not reflect the additional income by converting leases to rentable SF vs. Usable SF
This a great user / investor opportunity.
Whether retained as a multi-tenant investment or repositioned for owner user, this asset offers a rare blend of income, flexibility, and location in one of Bergen County’s most desirable municipalities.
Current NOI does not reflect the additional income by converting leases to rentable SF vs. Usable SF
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,348 SF
Building Class
C
Year Built/Renovated
1950/1987
Price
$1,500,000
Price Per SF
$179.68
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,584 SF
Building FAR
0.60
Lot Size
0.32 AC
Zoning
BR - Special Business - Residential
Parking
13 Spaces (1.56 Spaces per 1,000 SF Leased)
Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 60-04807-0000-00005 | Improvements Assessment | $943,500 |
| Land Assessment | $535,000 | Total Assessment | $1,478,500 |
Property Taxes
Parcel Number
60-04807-0000-00005
Land Assessment
$535,000
Improvements Assessment
$943,500
Total Assessment
$1,478,500
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1182 Teaneck Road | 1178-1182 Teaneck Rd
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